FY2019 EPS Estimates for JetBlue Airways Corporation (JBLU) Raised by Analyst

JetBlue Airways Corporation (NASDAQ:JBLU) – Investment analysts at Imperial Capital raised their FY2019 earnings estimates for JetBlue Airways Corporation in a research report issued to clients and investors on Wednesday, Zacks Investment Research reports. Imperial Capital analyst M. Derchin now expects that the transportation company will earn $1.10 per share for the year, up from their prior estimate of $1.05. Imperial Capital currently has a “Buy” rating and a $31.00 price objective on the stock.

JetBlue Airways Corporation (NASDAQ:JBLU) last released its quarterly earnings results on Tuesday, October 24th. The transportation company reported $0.55 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.03. The company had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.81 billion. JetBlue Airways Corporation had a return on equity of 15.95% and a net margin of 9.38%. The firm’s revenue was up 4.7% on a year-over-year basis. During the same quarter last year, the business posted $0.58 earnings per share.

TRADEMARK VIOLATION WARNING: This piece was originally reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this piece on another site, it was illegally stolen and republished in violation of international copyright laws. The original version of this piece can be viewed at https://www.dispatchtribunal.com/2017/11/12/jetblue-airways-corporation-jblu-to-post-fy2019-earnings-of-1-10-per-share-imperial-capital-forecasts.html.

Other research analysts have also issued research reports about the company. Morgan Stanley dropped their target price on JetBlue Airways Corporation from $24.00 to $23.00 and set an “equal weight” rating for the company in a research report on Thursday, August 17th. Standpoint Research restated a “buy” rating on shares of JetBlue Airways Corporation in a research report on Sunday, September 3rd. BidaskClub lowered JetBlue Airways Corporation from a “hold” rating to a “sell” rating in a research report on Friday, August 4th. Cowen and Company boosted their target price on JetBlue Airways Corporation from $21.00 to $22.00 and gave the company a “market perform” rating in a research report on Thursday, October 12th. Finally, J P Morgan Chase & Co lowered JetBlue Airways Corporation from an “overweight” rating to a “neutral” rating and set a $22.00 target price for the company. in a research report on Wednesday, November 1st. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $25.02.

JetBlue Airways Corporation (JBLU) opened at $18.99 on Friday. The company has a market capitalization of $6,089.09, a PE ratio of 9.79 and a beta of 0.65. JetBlue Airways Corporation has a 12-month low of $18.05 and a 12-month high of $24.13. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.56 and a quick ratio of 0.56.

In related news, CEO Robin Hayes sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $19.89, for a total value of $39,780.00. Following the completion of the transaction, the chief executive officer now owns 404,362 shares of the company’s stock, valued at $8,042,760.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Joel Clinton Peterson sold 5,120 shares of the business’s stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $19.87, for a total transaction of $101,734.40. Following the completion of the transaction, the director now directly owns 549,942 shares of the company’s stock, valued at approximately $10,927,347.54. The disclosure for this sale can be found here. Insiders sold 24,860 shares of company stock valued at $474,419 in the last three months. 0.60% of the stock is currently owned by insiders.

A number of large investors have recently modified their holdings of the stock. CENTRAL TRUST Co acquired a new position in shares of JetBlue Airways Corporation during the second quarter worth $162,000. IFP Advisors Inc increased its position in shares of JetBlue Airways Corporation by 38.1% during the second quarter. IFP Advisors Inc now owns 7,672 shares of the transportation company’s stock worth $175,000 after purchasing an additional 2,117 shares in the last quarter. Capital Management Associates NY acquired a new position in shares of JetBlue Airways Corporation during the second quarter worth $203,000. Investment Centers of America Inc. acquired a new position in shares of JetBlue Airways Corporation during the second quarter worth $205,000. Finally, Lincoln National Corp acquired a new position in shares of JetBlue Airways Corporation during the second quarter worth $210,000. 85.38% of the stock is owned by institutional investors.

JetBlue Airways Corporation Company Profile

JetBlue Airways Corporation is a passenger carrier company. The Company provides air transportation services across the United States, the Caribbean and Latin America. Its segments include Domestic, and Caribbean & Latin America. It operates various kinds of aircrafts, including Airbus A321, Airbus A320 and Embraer E190.

Get a free copy of the Zacks research report on JetBlue Airways Corporation (JBLU)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for JetBlue Airways Corporation (NASDAQ:JBLU)

Receive News & Ratings for JetBlue Airways Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JetBlue Airways Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply